SAB Vietnam Industrial Factory, invested by SAB Vietnam Industrial Company Limited, has an area of 66.44 hectares, with a total investment of VND 1,443,220 billion.
On March 20, at Bim Son Industrial Park, Bim Son town, Thanh Hoa province, SAB Vietnam Industrial Co., Ltd., a member of Weixing Group, held the inauguration ceremony of SAB Vietnam Industrial Factory.
SAB Vietnam Industrial Factory started construction in July 2022. The factory has an area of 66.44 hectares, with a total investment of about 62 million USD, equivalent to 1,443.220 billion VND. The factory specializes in manufacturing clothing accessories such as metal zippers, plastic zippers, nylon zippers, plastic buttons, metal buttons, etc.
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| Delegates pressed the button to inaugurate the SAB Vietnam Industrial Factory. |
Once operational, the SAB Vietnam Industrial Plant will create jobs for more than 1,000 skilled workers, with an estimated output of about 100 million USD/year.
Speaking at the ceremony, Permanent Vice Chairman of Thanh Hoa Provincial People's Committee Nguyen Van Thi emphasized that the SAB Vietnam Industrial Factory, once operational, will contribute hundreds of billions of VND to the state budget each year, contributing to promoting socio-economic development and creating jobs for local workers. At the same time, the project contributes to the development of the garment industry's supporting industry, reducing the garment industry's dependence on accessories that have long been imported from abroad.
Vice Chairman Nguyen Van Thi affirmed that Thanh Hoa province will always accompany investors to resolve difficulties and obstacles, creating favorable conditions for the factory to operate and promote efficiency.
To ensure the smooth operation of the factory, Mr. Nguyen Van Thi requested the Management Board of Nghi Son Economic Zone and the provincial Industrial Parks to actively coordinate with the infrastructure investor of Zone A - Bim Son Industrial Park to promptly resolve issues of electricity supply, water supply, and technical infrastructure for the SAB Vietnam Industrial Factory; support and accompany the investor during the operation of the factory.
On the investor side, Mr. Cai Liyong, Chairman of the Board of Directors of SAB Vietnam Industrial Company Limited affirmed that in the production and business process of the company and SAB Vietnam Industrial Factory, they will comply with the laws and regulations of Vietnam. Implementing the corporate spirit of "Solidarity, Effort, Practicality, Creativity" to produce and do business effectively, creating high-quality products in Vietnam. Thereby, not only contributing to the development goals of Weixing Group, but also creating momentum for the socio-economic development of Bim Son town in particular, Thanh Hoa province in general.
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